3: Each item you are selling you want to earn at least 1 dollar or more on. If you want to use the same percent markup for all items, then what percent markup will work for all items on the list below to earn you at least $1 or more in profit? (Use only whole percent numbers 12%, 34% etc.)
Item:_______ Cost in supplies:________
Necklace 8.00
Rocking horse 15.00
Spin top 1.50
Emerald ring 35.00
Metal Nativity Scene 25.00
Purse 3.00
Wooden bookmark 1.60
The cheapest one will require the largest mark-up to get to $1 profit
Spin top @ 1.50 is the cheapest and requires a 67% mark up.
3: Each item you are selling you want to earn at least 1 dollar or more on. If you want to use the same percent markup for all items, then what percent markup will work for all items on the list below to earn you at least $1 or more in profit? (Use only whole percent numbers 12%, 34% etc.)
Item:_______ Cost in supplies:________
Necklace 8.00
Rocking horse 15.00
Spin top 1.50
Emerald ring 35.00
Metal Nativity Scene 25.00
Purse 3.00
Wooden bookmark 1.60